Donald Trump’s Names XRP, Sol, Ada, BTC and ETH as part of the Crypto | Currency News Financial and commercial news

US President Donald Trump has appointed XRP, Solana (Sol) and Cardano (ADA) as three assets that are included in the American Strategic Check Reserve on Sunday, providing the first details about the shape of this reserve.

It is worth noting that Trump was initially mentioned in Bitcoin (BTC) or ETAREUM (ETH) – the largest encrypted currencies in terms of market value – in his statement, Clearly later The reserve will include these assets as well. Trump released ads Social truthThe social media platform for it.

“The US encryption reserve will raise this critical industry after years of corrupt attacks conducted by the Biden administration, which is why my executive request for digital assets has directed the presidential work group to move forward in a strategic coding reserve that includes XRP, Sol and Ada.” “I will make sure that the United States is the world of encryption in the world. We are making America great again!”

After Trump’s initial announcement, XRP, Sol and Ada witnessed a significant increase in prices. Ada price increased More than 63 % Within two hours after the position of president, while Soul 23 % increased and XRP by 32 %.

While XRP, Ada and Sol fans celebrated the news, some BTC and ETH fans initially responded with a mixture of disappointment and surprise.

About an hour after his first position, The president explained That “BTC and ETH, like other cryptocurrencies, will be at the heart of the reserve.”

Trump has been discussing the idea of ​​strategic encryption reserves since his 2024 presidential campaign. Soon after he took office in January, an executive order signed a working group to evaluate a strategic encoding reserve formation, but it did not explicitly impose that the United States establish one directly.

The matter said that the digital asset working group must “evaluate potential creativity and maintain the stock of national digital assets.” Trump said on Sunday that the group should “move forward” with the formation of the reserve officially. The working group will host Friday with the encryption industry and government representatives.

Senator Cinemia Lomes It was previously presented A draft law to establish a strategic reserve for the United States for the United States, which it called for the first time at the Bitcoin Nashville conference in July, where Trump spoke at the time as well. The draft law proposed by Lummis had authorized the US Treasury to obtain one million bitcoin coins for five years, equivalent to about 5 % of the total bitcoin supply.

Number The legislative bodies of the United States She has already provided bills to create her own strategic encryption reserves, although most of these efforts have failed to take off.

David Sacks, Crypto Crypto and AI CZAR, is a limited partner for Multicoin Capital, which is invested in Solana, a Blockchain ecosystem that focuses on providing low fees and fast transactions. Sachs said in an interview in 2021 that it was “it was”hunting“Soul, the original symbol in Blockchain. Trump, the president, is also based on Solana.

The bags said on x (Previously Twitter) Trump’s advertisement was “consistent with the first week EO” shortly after Trump’s posts.

Meanwhile, Ripple is in the midst of a year legal battle with the US Securities and Exchange Committee, which followed the company by selling XRP-original icon for the Ledger Blockchain backed by Ripple-as unregistered security during the first Trump period. In recent months, Ripple has sought to increase its profile in Washington, including contributing significantly to Fairshake, which is the Super Pac, as well Trump Fund 2025 inaugural.

Update (2 March, 2025, 16:50 UTC): Adds additional information and the second position of Trump.

Update (2 March, 17:15 UTC): Adds additional information and responses.

This story was originally appeared on Coindsk